"As skilled workers become essential to tech companies like his own, Karp thinks they'll also get more expensive. "Artist-shaped people are going to be incredibly valuable, and they're going to demand to be very highly paid," he added. (Karp and Palantir employees sometimes refer to the company's culture as "an artist colony.") And after an AI frenzy of a summer, higher pay isn't all that surprising."
"While Palantir crushed analysts' estimates for second quarter earnings - notching over $1 billion in revenue for the first time and nearly doubling US commercial revenue from the same quarter last year - Karp hinted that his company may follow the lean teams trend that's on the up in Silicon Valley. "Our revenue is going up; our sales force is going down," he said. "The number of people we plan to have in the future is less than now.""
Skilled technical workers are becoming more valuable and will command higher pay as AI talent competition intensifies. Artist-shaped employees will be highly paid and culturally valued. Top AI researchers have received massive pay packages while many other tech workers faced layoffs. Palantir posted record quarterly revenue above $1 billion and nearly doubled US commercial revenue year-over-year. Despite rising revenue, companies may adopt leaner headcounts and shrink sales forces. The number of planned employees may fall even as revenue rises. Tech culture may harden with expectations of intense commitment and fewer holidays.
Read at Business Insider
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